Dow pushed to fresh records highs after lagging other major US equity markets. Alongside this, the RSI has also pulled back slightly, having neared overbought territory, while a bearish RSI divergence has also occurred, which in turn raises the risk of a potential pull back in the index. Wait for potential pull back and see to go long. Still bullish on US tech companies.
We facing a short-term break lower below 1.2800.That is an enticing development for those looking for more volatility out of the market. Wait for the break of trend line at 1.300 & look to go long for the 138.2% or 150.0% Fib Extension
the stock price of the tech giant pushed up after the announcement of acquisition of Fitbit. Expect a bull back before the stock breaks to new highs.
You can wait for the break on top and look to go long.
Earning up by 23% (13 Billion) but EPS drop by 28% (1.68) in QTR3 to QTR4. Book is healthy with over $42 billion in cash and short term investments, as well as AWS' steady $2.3 plus billion in operating income per QTR, provide the company with significant runway to continue with its myriad, necessary investments.
Retest January low the 1.68005,you looking at a Bearish Exaggerated Divergence